Greaves Cotton Subsidiary GEML Completes ₹530 Crore Rights Issue for EV Expansion
Greaves Electric Mobility Limited (GEML), the e-mobility arm of Greaves Cotton, has successfully completed a ₹530 crore rights issue. The capital infusion, backed by anchor investors Greaves Cotton and Abdul Latif Jameel, is designated for accelerating technology development and next-generation product launches in the electric vehicle segment.
Biocon Ltd Launches Yesafili Biosimilar in US Market to Address USD 5.89 Billion Opportunity
Biocon Limited has initiated the commercial launch of Yesafili, its interchangeable biosimilar to Eylea, in the United States. The launch addresses a multi-billion dollar market opportunity in ophthalmology, providing a new treatment option for millions of Americans suffering from vision-threatening conditions.
Sterlite Technologies Secures ₹960 Crore Order for Optical Fibre Cable Supply
Sterlite Technologies Limited has formalised a significant multi-year supply agreement with a domestic telecom operator valued at approximately ₹960 crore. The contract involves the delivery of optical fibre cables through FY28 and FY29, strengthening the company's mid-term order book.
K.P. Energy Inks 100 MW Wind Power PPA with GUVNL; Total IPP Capacity Tops 250 MW
K.P. Energy Limited has formally executed a Power Purchase Agreement with Gujarat Urja Vikas Nigam Limited for a 100 MW grid-connected wind energy project. This agreement marks a critical expansion of the company's Independent Power Producer segment, pushing its cumulative portfolio beyond 250 MW.
Neogen Chemicals Q1 FY27 Revenue Surges 34 Percent to ₹250 Crore; Raises FY27 Guidance
Neogen Chemicals delivered a robust Q1 FY27 performance with revenue growing 34% YoY to ₹250 crore and PAT surging 67%. The company transitioned key capital investments into revenue-generating assets, prompting management to raise standalone FY27 revenue guidance and approve a ₹600 crore QIP for de-leveraging.
IP Rings Ltd Expands Manufacturing Footprint with New Lease Agreement for Capacity Growth
IP Rings Ltd has officially entered into a lease agreement to establish an additional manufacturing facility. This expansion is strategically aimed at increasing production capacity to meet the growing demand from its business partners and automotive clients.
Emerald Finance Q1 FY27 Net Profit Jumps 52.72 Percent to 4.88 Crore as EWA Adoption Scales
Emerald Finance Ltd reported a robust start to FY27 with consolidated net profit rising over 52 percent year-on-year. The company is strategically pivoting towards Early Wage Access and MSME lending as primary growth drivers while managing regulatory shifts in the gold loan segment.
Sugs Lloyd Q1 Revenue Jumps 32% to ₹78.4 Cr as Order Book Reaches ₹807 Cr
Sugs Lloyd Ltd reported its strongest-ever first quarter with a 32% year-on-year revenue increase, supported by a robust order book of ₹807 crore. While profitability improved alongside revenue growth, the company witnessed rising debt levels to fund large-scale project execution in the smart grid sector.
Akiko Global Q1 Revenue Surges 126% to ₹68 Crore Amid Digital Hybrid Transition
Akiko Global Services Limited reported a robust performance for Q1 FY27, with operating revenue more than doubling to ₹68.12 crore. The company is currently executing its 'Akiko 2.0' strategy, which integrates its traditional offline distribution reach with the newly launched digital credit platform, Akiko Pay.